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Leonard Pokrovski

added blog Business
2024-07-21 23:46:30 -

Business model: what is it and what types are there
Business model: what is it and what types are there Ensuring that the product meets the needs of the market is only one of the components of success. Another key factor is the answer to the question of how you are going to make money. And here the business model is important. What is a business model? At its core, a business model is a description of how a...

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Leonard Pokrovski

added blog Business
2024-07-18 17:46:33 -

How to Assess the Viability of a Startup: Analyzing the Business Model Canvas
How to Assess the Viability of a Startup: Analyzing the Business Model Canvas Business Model Canvas A business model is a brief description of a business that includes its essence, strengths, vulnerabilities, and development vector. The Canvas tool helps to create such a business model for any company — from a startup to a long-established large business. 1. List of partners. Here...

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Dacey Rankins

added blog Cooperatives
2024-11-14 16:17:54 -

Understanding Business Cooperatives: A Model for Collective Success
In the world of business, there are many ways organizations can operate, but one of the most unique and community-driven models is the business cooperative. Unlike traditional for-profit businesses where ownership and control are concentrated in the hands of a few individuals or shareholders, a business cooperative (co-op) is owned and managed by its members—who are often also its...

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Dacey Rankins

added blog Business
2025-01-09 15:23:12 -

What is a business model?
A business model is a crucial component of any company, whether it's a startup or an established enterprise. It essentially defines how a business creates, delivers, and captures value. In other words, a business model outlines a company's plan for generating profit. It details the products or services offered, the target markets, and anticipated expenses, serving as a roadmap for both internal...

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Dacey Rankins

added blog Business
2024-12-18 16:44:40 -

What is the Difference Between a Business Plan and a Business Model?
This question often comes up as people try to clarify the distinction between two critical elements of business strategy: the business plan and the business model. While both are essential for launching, running, and growing a business, they serve different purposes and provide different insights into the operations and future direction of a company. Understanding the difference between these...

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Dacey Rankins

added blog Business
2025-03-11 15:34:28 -

Common Myths About Lean Startup Debunked
The Lean Startup methodology, developed by Eric Ries, has revolutionized how businesses approach product development and innovation. However, misconceptions about Lean Startup persist, leading to confusion and misapplication. Let’s debunk some of the most common myths. Myth 1: Lean Means Cheap A widespread myth is that being "lean" means being frugal or cutting costs at all costs. In...

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Dacey Rankins

added blog Business
2025-02-06 15:16:25 -

Do I Need a Business Plan?
When starting a business, one of the first questions you may ask is whether you need a business plan. The short answer is yes. A well-crafted business plan is an essential tool that helps you clarify your business model, set goals, understand your target market, and project your finances. Whether you're just getting started or looking to scale, a business plan serves as a roadmap for your...

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Dacey Rankins

added blog Business
2025-04-15 21:20:38 -

Do Social Enterprises Make a Profit?
When people hear the term social enterprise, they often wonder: is it a charity, a business, or something in between? One of the most common questions is whether social enterprises actually make a profit—and if so, what they do with it. The Short Answer: Yes, But With a Purpose Yes, they operate as businesses and generate profits, but these profits are reinvested to advance their social...

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Dacey Rankins

added blog Business
2025-05-06 12:53:02 -

How Can a Startup CEO Effectively Scale the Company?
Scaling a startup is one of the most challenging—and rewarding—phases in a founder’s journey. While launching a product and gaining early traction are major achievements, true success lies in the ability to grow sustainably without losing efficiency, culture, or customer focus. For startup CEOs, effective scaling requires strategic foresight, operational discipline, and...

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Dacey Rankins

added blog Business
2025-04-16 17:11:35 -

How Can One Start a Social Enterprise?
Starting a social enterprise is an exciting and impactful way to address critical social or environmental issues through business. Unlike traditional companies, social enterprises aim to create lasting change while maintaining financial sustainability. But how do you actually get started? It begins with purpose, planning, and persistence. 1. Identify a Pressing Issue The foundation of every...

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Dacey Rankins

added blog Business
2025-03-21 14:14:24 -

What Are Common Challenges Faced by Startups in Driving Innovation?
Driving innovation is at the heart of every startup’s mission. Whether it's launching a groundbreaking product or redefining a service, innovation is what sets startups apart in a competitive marketplace. However, the path to innovation is rarely straightforward. Startups often face a range of challenges that can hinder their progress. From limited resources to market competition, and the...

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Dacey Rankins

added blog Business
2025-04-08 14:16:39 -

What Are the Best Ways to Pitch to Investors?
Pitching to investors is one of the most critical steps for any startup or business seeking to secure funding. The process requires careful planning, strategic communication, and the ability to convey the value of your product or service in a compelling way. Here are some of the best ways to pitch to investors and ensure that your business captures their attention. 1. Know Your Audience...

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Dacey Rankins

added blog Business
2025-03-17 18:21:45 -

What are the best ways to scale a business?
Scaling a business is an exciting milestone, but it requires careful planning, strategic thinking, and effective execution. As a business grows, it needs to evolve in various ways to keep up with increased demand, competition, and operational complexity. Here are some of the best ways to scale your business successfully. 1. Automate Repetitive Tasks One of the most effective ways to scale a...

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